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is that the economies are sluggish. it is four percent growth we don't have the problem. the issue that is it facing us in the past election is weather we are willing to pay for the government we need. we are cutting 20 billion from the california schools and that result necessary bigger classrooms and fewer teachers. the only small part of the short fall is it 10 billion or six-10 billion made up through the taxings. are we willing to pay for the government that we need? in this case the school system. >> we have to run. ualian over spending was a big piece of the problem in california. you have three bankrupt. take a break. and lending a hand to victims of super storm sandy. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco
years now and unemployment rate under 5%, but a terrible economy and a terrible stock market. so, you want a natural unemployment rate to grow not with artificial constant perpetual government deficit spending and again, i think your our government can lower it over the next four years, that's not necessarily good for the country and the economy and the stock market. >> gary b. the question, does government drop and they grow or the private sector grow and where you get the true growth for the the economy? >> exactly, brenda, yeah, you showed in the graphic as we opened up the segment, that caterpillar, in this environment, you know, with things like sandy going on and things would be for casting job growth and hiring people, but instead they're laying off people and yet a long list of companies on that and the reason is, they see a sour economy. >> why do they see a sour economy? >> government is growing bigger and stephan, about 24%, study after study has shown, as government takes over a bigger percentage of gdp, it surely will, faster than perceived or forecast at gdp growth, it c
today make one more point about the type of campaign at that romney ran. focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to what the party needs to do to regroup for 2 2 2 2 2 2 hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the
.s. economy due to hit the fiscal cliff, trillion of tax increases and spending cuts, president obama called for a catch henceive deal and said he is not going to one on the top 2%. >> we cannot afford to extend the bush tax cuts for the wealthy. we can make sure that middle class taxes don't go up. if we get that in place we are removing half of the fiscal cliff. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and tr
.s. economy from going over the so-called fiscal cliff. in the last 24 hours, newly relie detectorred president barak obama and house speaker john boehner have both vowed that they will not let this happen. but is that even possible given today's decisive political climate? before we get into the discussion, let's first listen to what both men had to say. >> this is an opportunity for the president to lead. this is his moment. >> i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> arthel: let's talk about it now. matt is the former white house political director under president george w. bush. alexis is the executive director for the american values institute. good to see both of you. >> great to be here. >> arthel: very good. so let's say that each of you is going to broker this deal. tell me the concessions you would make and what would be the deal breakers. i'm going to go with you first, matt. >> okay. so i'm in the seat of power. i guess if i'm a republican, i want to make sure that if i'm going to negotiate a deal that i've
on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to regroup for 2 2 2 2 2 2 >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the party calling for change. what can republicans do to regroup for 2014 and beyond. jason, a wonderful time of the the season, called recrimination. (laughter) >> otherwise known to journalists as shooting the wounded, which is our specialty, so, what, how much trouble is the republican party in? >> they're in a lot of trouble, the coalition needs to expand.
is, there are not enough young people smoking pot. what we need to get this country, the economy bubbling is more kids smoking pot. really great idea. that's fantastic. >> sean: is america shifting? we have always said it's a center-right country. tonight, i will be honest, i am not so sure. when i saw the exit polls which i didn't believe, i was very skeptical. in the end, the polls ended up being more right than any of us thought. it shows certain issues where i am thinking, if this is true, i felt liberals were answering this. has the country moved to the left? or 51%? >> it's going to be tough to get out of this, but, no, i don't think permanently. by the way, in 2004, it was the same thing with an incumbent, kerry got nearly 10 million more votes than gore. you had the whole media on kerry's side and he still couldn't beat bush and republicans were wiped out in the congressional election. i gather america was not thrilled with the republicans in the middle of the last decade. yet, incumbency triumphed. you didn't see democrats turning around and saying, now, i am going to be
of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com. we have so much technology in our store to really show the customers what's going on with their bodies. now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really g
cliff -- this affects the whole economy of this country going forward. one of the big questions is going to be that republicans are saying we don't want to see any rate increase, we just want to see revenues through closing loopholes, top administration officials, including secretary tim geithner, he says we want to see rates increase for upper income people. we will see where the president comes down with that. that will be a big issue. on friday, he will meet with congressional leaders. also, if he's willing to put on the table what he did in august of 2011. that is major cuts to entitlement, social security, medicare. and of course, questions about benghazi. he has never fully accounted about the warnings beforehand. you know, did he know that there were all these warnings about security, lack of security in benghazi at the consulate in august. that is a month before the attack. of course, david petreaus -- when did he hear about it? and if he did not hear about it, until last week about the election -- why not? is he upset about our? megyn: that's right, does he have any issue with t
economy, stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground. i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. >> that was speaker of the house, john boehner, talking about the looming fiscal cliche. republicans are ready to sit down at the table with president obam a. but is he prepared to compromise? listen to when he had to say earlier today. >> i want to be clear. i am not wedded to every dedale tail of my plan. i am open to compromise. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. i am not going to do that. i want to point out, this was a central question during the election. it was debated over and over again. and on tuesday night, we found out that the majority of americans agree with my approach. and that includes democrat independents and a lot of r
the economy. the campaign unfolded slowly as most persons did not know romney. and with all the high tech gizmos these days, it's difficult to get the attention of the folks. so i knew very early that the polling was insignificant and the debates would be the real test. as i said, these polls are interesting but they are not vital because of the debates, the three debates i think really going to the tale. >> i told you earlier this year when you said debates are going to be all important. i said the history shows they are not. >> bill: i'm so happy that you brought that up. can i just -- can i paraphrase barack obama? in the last debate? can i do that? >> of course. >> bill: can you say that a bit louder, brit? that's why i like hume, is he an honest man. as we all know the first debate was a major victory for governor romney. instantly made him competitive. but he did not exactly seize the day. his campaign played it conservative managing romney's appearances tightly scripting his media response. then in the third debate, the governor made a big mistake: now, the key question is, why did
to tackle the fiscal cliff, an economic mandate that could throw the economy into a tail spin unless democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is
opted to extend all the bush rates, he did so because the economy was too fragile to tamper with raising taxes at the time. it is more fragile now. the g.d.p. is actually lower now. so, what gives? >>guest: absolutely. the economy is still in a very fragile state and if we are going to continue a recover we l -- we cannot raise taxes. republicans cannot raise tax rates. that is damaging to them. >>neil: do they sense they have wiggle room on the deductions and allowances? and say the president is wrong on this, but the $1 trillion you can talk money like that if you remove the allowances and breaks how is it being told? >>guest: as we start to see how they will roll the loopholes out, there is a lot of corporate welfare in the tax structure. we have not reformed the tax code since the 1980's and the internet wasn't around them so there is an opportunity to roll out the items and see where we are. i don't see how you can dismiss we don't get there without closing loopholes and deductions first. >>neil: for get whether the president can get republicans there, does he have a power will outl
by the end of the year the economy could slip back into a recession. >>> law americas might not get the answers they are looking for after all about the deadly benghazi terror attacks. congressional hearings will be closed to the public. fox news learned some of the suspects in the attack were part of an egyptian terrorist group. the network made up of violent extremists is trying to develop ties with al qaeda. >> jared laughner will be spending the rest of his life behind bars. he killed 6 people and wounded 15 others including debbie gifford. he sentenced him to 7 consecutive life terms plus 140 years. gifford and her husband were in court. you may have put a bullet in her head but you have not put a dent in her spirit. >> outrage about the power outages. 60,000 people still in the dark in new york and in new jersey. that does not include the half a million people still without power from sandy. >> i am very stressed out. i don't know what day it is, what time it is. trying to feed my daughter. >> no crews nobody around. no response. you call up you don't get any answers. it is ri
to affect real change. get the economy back in line. get america back on the feet. >> greg: andy levy said something to me. we were at a bar drinking, 25% of the population that wants free stuff. another 25% that wants to give them free stuff. that is 50%. conservatives have to come up with a message that fights the idea of free stuff. that says that free will and free country cannot exist if you are dependent on the government for free stuff. >> bob: don't make it that simplistic. >> greg: democrats do. >> bob: it includes people on social security and medicare. you to deal with that. it's not people asking for handout. they put money away, expecting they were going to get it back. this is not an entitlement -- >> greg: how did that work out? >> bob: the reality is they still get it. we have to borrow and pay it. >> eric: will there be more or less people on food stamps four years from now? >> bob: far fewer. >> eric: that's not been the course. >> bob: the economy will change -- >> kimberly: i hope you are right. >> dana: in listening to president obama's speech last night and talking ab
be they cannot outrun the global slow down, a economy with 33,000 stores, 400,000 employees in 100 countries and they are the global economy. they are a reflection of what goes on around the world. 40 percent is in europe but a huge percentage is in the united states, and what they are telling us, the global slow down is real and they are telling us what americans are seeing every day, revenues are declining but the expenses are rising, and the spents are rising faster. the fiscal cliff is only going to make the situation worse. today, wall street woke up, literally they woke up yesterday after the election and said look what is ahead. look what we have to deal with. it is the repricing of risk that is going on. it is good to have the wake-up call and to be mindful of what is on horizon. only then can we deal with it. >>neil: the republicans and democrats are trying to size the other guy up and there is not a lot of final for that. we have sized up the numbers. you with wonder if the guy next to you will blink or if you are blinking or someone will look like they giving away too much, you ha
was on my radio show yesterday. >> if mitt romney cannot win in this economy, then the tipping point has been reached. we have more takers than makers and it's over. the country that no longer is interested in conservative ideas. it is interested in handouts. >> >> laura: this frustration and dejection is understandable. i, like many conservatives, thought mitt romney would pull out a victory, i, like many republicans, am extremely disappointed. the autopsy of what went wrong is ongoing. there will be conflicting opinions on the cause of death for the romney campaign and all those senate races. i happen to think that mitt romney ran an overly cautious and defensive campaign which allowed thother side to define him. perhaps with the exception being that first debate. some establishment republic types say this requires the party, however, to be less conservative, to be more moderate. and it's no surprise that democrats agree. i find that depressing. conservatism won huge for the g.o.p. in 2010. and it beat back a union backed recall just recently in wisconsin. but in just two years, a shor
explore the economy and everything else tonight on fox business. that will do it here. good night. >> andrea: this is a fox news alert. breaking news. in tonight from washington, we just learned a short while ago that general david petraeus, the director of the c.i.a. resign from his post citing personal reasons. specifically,en extramarital affair. joining us with the details and latest development on the surprising news is "special report" host bret baier. bret? >> c.i.a. director resigned as the nation's top spy saying he had engaged in an extra marital affair and his words showed extremely poor judgment. the story developed late today after words spreading of a hastily scheduled meeting for petraeus at the white house thursday. >> does the president have full faith and confidence in president petraeus? >> the president thinks general petraeus has done an excellent job. >> he believes general petraeus did an excellent job. no personnel announcements to make today. >> as the briefing was going on, details started to emerge about the resignation and letter to the c.i.a. personnel
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> well, it didn't take long, talk of compromise, post postelection, turning into stalemate. john boehner and barack obama not budging as we rapidly approach the fiscal cliff. >> 2013 should be the year we begin to solve our debt through tax reform and entitlement reform. i am proposing we avert the fiscal cliff together, in a manner that insures that 2013 is finally the yirr that our government comes to grips with a major problems that are facing it. >> on tuesday night, we found out that the majority of americans agree with my approach. and that includes democrats, independents and a lot of republicans, across the country, as well as independent economists and budget experts. that is how you reduce the deficit, with a balanced approach. >> four years of the obama administration, and the econo
will make the first post-election statement at the white house. tomorrow afternoon, talk about the economy, fiscal cliff. it doesn't look like he will take questions, not a full scale. post election news conference, though. it may be coming soon. >> bret: we'll cover it live on fox. thanks. what is the most pressing issue right now for president? let me know on twitter. follow me. @bretbaier. we kept you well fed with steady diet of polls in the campaign. which ones were right? this which ones were complete junk food? answer is later in the grapevine. up next, trying to wean the economy off massive debt and deficits. [ male announcer ] what are happy kids made of? bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. a wand, some wings, soup with good things. sidewalks and doodles and wholesome noodles. puddles and pails and yes, puppy dog tails. for a lunch like this, there's a hug and a kiss. because that's what happy kids are made of. campbell's. it's amazing what soup can do. >> bret: one of the most pressing issue
with regards to not hurting the economy as much. it is when we are slowing that this really hurts. >> well, i think wall street isn't buying this infomercial. judging from had today's losses and 700 points worth since the election either they want that money back guarantee or they don't want the money, period. >> i think that's it. i think they don't want the money, period. i think they want simplicity. i think they want cuts on the tax rates. but maybe an elimination of loopholes. things to sim plaw fight the code and -- simplify the code and make it clear that all of the money will be taken away and spent in other places that again the government says they know better about. so that is really the issue here. we aren't seeing any clarity on. >> have you been a wonderful contestant. thank you as always. >> accept my parting gifts, thank you. >> will this number though stop this one? the first number is how many people were lining up last week for first time jobless benefits? 439,000, well above estimates. hurricane sandy blamed for a bulk of it. it shows the whichy is still not heading in the
. >> raising taxes on small business people is the wrong prescription, given where our economy is. >> is it on the table to talk about it -- the wealthier americans -- >> i made it clear yesterday, raising tax rates is unacceptable and it couldn't even pass the house. >> i would like a real republican party to am come back because the democrats need to have their feet held to the fire, also. but you need to have -- [overlapping dialogue] >> you can't have crazies running a party. on both sides. >> by the way, california is where we are head audio california is almost, folks, a microcosm of where the country is headed. >> i mean if they are balkanized out there, it's a bunch of different states. the rich live in a few places and the rest of the state is dying. it's a shame, actually. >> in the future, it would be nice -- it would be nice if, i think -- if people felt like the party wasn't something that wasn't for them. i think the republican party has in the past been a brilliant party, when you bring up lincoln, that's a fantastic thing. but you have to keep in mind that we have
a fairer, simpler, cleaner tax code, we can give our country a stronger, healthier economy. >> i went to badbed, thinking all of this discussion about this election being the election that will tell us whether or not we have lost the country. i went to bed last night thinking we have lost the country. >> congress is the major shackle, the dysfunction in congress. we see other signs of lift. we have to have a congress that works together. between now and the year's end, that's our opportunity to take the first big step. >> the american people recognize that our economy -- getting it moving, is the only way we will be able to balance the federal budget. the question we should be asking, is not which taxes should i raise to get more revenue? but which reforms can we agree on that will get our economy moving again? >> obama is hell bent on remaking this country. we are in the middle of t. we are four years into a transformation of this government becoming statist. liberty versus tyranny. we are four years into tyranny winning. guess what! no matter what happens now, it's bush's fault! oba
the economy, and first term proves it doesn't work and if he does it again, there's no way he's going to get high growth. >> paul: and what political would you expect, to say, okay, this is a move to the middle. >> you can see how he responds to john boehner, said this week, signaled that he's willing to accept maybe the government will collect some more revenue, but let's not raise tax rate. let's get rid of deduction and benefits of simplicity there and thinking about trying to get economic growth. i think if the president responds by saying let's do a bipartisan reform instead of demanding trillions in new tax revenue, then i think that would be a good thing. >> paul: one of the thing boehner, my sources are saying, they would like to do is to get the president extend the bush tax rates for another year to avoid an immediate blow to the economy and time to negotiate a larger tax reform and entitlement deal. if the president insists, said, look, i litigated taxes in the election, tax rates are going up right away and automatically are and i'm going to insist on that, then do you think we'r
.s. economy, fewer jobs, less investment, and lower wages. back to you, guys. rick: liz macdonald. you hear talking points from both sides. we want to try to get down and drill to the facts. you have the president drawing a new line in the sand according to a lot of headlines this morning with plans to open up friday's fiscal cliff negotiations with absolutely no concessions on the table and far more in new taxes than republicans have said they're willing to even consider. so we have some breaking news. we'll get to that in a minute. jenna. jenna: i guess we'll go down live to d.c. now. we're waiting a press conference. there is senator mccain, ayotte and graham talking about the future of the benghazi investigation. let's take a listen. >> establish such a select committee and we will urge the senate leadership to act on it as soon as possible. while we await the findings and recommendations of the administration's internal review of the benghazi attack, it is essential for the congress to conduct its own independent assessment. let me be clear. there is no credibility amongst most of us c
drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching this all for us in washington. democrats got the white house, they got the senate. how are they beg
if the economy gets the double whammy of massive spending cuts kicking in on january 2. and a big tax increases kicking in. the president celebrating in chicago. the sobering reality of governing is setting in here. the president is going to have a crowd of people, we are told, middle-class families who will be impacted by the fiscal cliff. the kind of thing you might see on the campaign trail, raising the question is whether or not the campaign continues. as the president tries to go directly to the american people and sell his case. john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand that the president will invite congressional leaders over. >> we will also probably he
really looked at the overall coverage, what were the issues americans cared about. economy and then a big storm on the east coast. they covered it and they covered it pretty well. >> jon: the exit polls thought that voters mitt romney was better equipped to handle the economy than barack obama. >> then it says something about the attitude toward the two men and they made a choice or the two parties and they made a choice. if you just go by viewers, fox mrs. msnbc, romney should have won three to one. >> jon: exit polls, some suggest reflected sort of the media theme that barack obama is a kiachbd of the little guy and middle-class and mitt romney is a rich guy that only cares about rich guys? >> i think it's clear that obama is the person who is looking to have middle-class tax cuts and mitt romney was to give tax cuts to rich people. what i would say, the reason i don't think the media played as big of a role in this. the reason barack obama won is because he ran a superior campaign. it was very targeted in these battleground states. i would be more interested in seeing exit polls from t
the action was inevitable there has been no news on the economy or the possibility of a deal to avoid the fiscal cliff. the cliff could cause the u.s. economy $800 billion and 3 million jobs. sends the u.s. back into recession. >> many people are worried about what this means for the country including the wealthy. >> the rich are selling essentially. we are seeing portfolio rebalancing for the wealthy willing to cut their tax bill in 2013. that's when capital gains taxes may go from 15 percent to 25 percent and dividend taxes may go to 43 percent. it's not just the stock market being affected by the wealthy folks lacking to cut their tax liability. next year the estate fabtax is to rise 15 percent on estates worth more than $1 million. owners of big homes looking to sell sooner rather than later. a lot of people looking to get out. >> owners of cars affected by hurricane sandy or storm sandy when it hit the northeast. many people lost their cars. oo about 250,000. used car prices are going up as much as 1,000 dollars. drivers are looking to replace the used car or their car in general
of the fiscal cliff and raising taxes on the top two rates would cost the economy more than 700,000 jobs. >> rorter: so republicans are hoping for new revenues but not from increased tax rates. remember, jenna, back in 2010, when the economy was growing at 2.3%, president obama extended all the bush tax cuts saying the economy was too weak to digest a tax increase. now it is growing at 2% but mr. obama is forging ahead anyway. jenna. jenna: it will be interesting to watch. jim, thank you. >> reporter: yes, ma'am. jon:. >> mr. president, this is your moment. we're ready to be led not as democrats or republicans but as americans. we want you to lead, not as a liberal or a conservative, but as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> it's better to dance than to fight. it is better to work together. everything doesn't have to be a fight. everything doesn't have to be a fight. that is the way it has been the las
has been with the eu. as they faulter we have to consider the impact this may have on our own economy. jon: on the hill they call him dr. no, fiscal conservative senator shaun coburn maintaining his position against federal spending programs. he kicked off his programs for $68 billion in cuts. steve centanni live in washington. tell us about this report, what is in it. >> the report on spending in the department of defense is called the department of everything, and recommends specific cuts over ten years in five main areas of concern. the report says in part, these areas are merely a starting point for reviewing pentagon spending that is unnecessary, duplicative, wasteful or simply not related to defense. we must refocus the pentagon on its true mission, fighting and winning the nation's wars. the report highlights waste in dozens of specific programs, they include research on what fish can teach us about democracy, a study of jargon used on twitter and how it differs across the country. a reality cooking show featuring grill sergeants. a so-called starship project that included a di
destroy the economy but as long as there is obama care. gay marriage and abortion on demand they are going to support the guy no matter what. >> bill: they seem like nice people though. there wasn't -- did you get people giving a hard time? >> no, you actually had people come up and whispered in my ear, hey, by the way, i'm a big fan. like they don't want anybody to know. >> i like the fact that they weren't sirly. it didn't seem like they didn't like you. >> they just won the election. >> bill: goodwill? >> yeah j if they had lost -- now, how extreme was the crowd going to that show? >> well, inside the show, you would have people applauding about jokes about the palin children. that's how extreme it was. you would have people making jokes about white power and mormonism and really vicious, vial hateful things. >> are you comedic license but i think you cross the library and the crowd eight -- ate it up. the crowd is not that intelligence. the guy was talking about how great fema was. everyone is clapping about fema everybody in new york has no power. no food, no water. it's crazy. >> bil
connell laid down the line. they said we will not raise tax rates because this is harmful to the economy and i happen to agree with them i think if we go to tax rates at 45 percent to 50 percent that actually can cause a double dip recession. if that happens, we are not going do have more tax revenues we will have less because more will be unemployed and businesses make small are profit. the problem with revenues right now, we do have a revenue problem in washington, dc, but that is because the who is not growing. people are not paying much taxes because we do not have growth. you get the growth rate up you get an officer if revenue. >>neil: but it could be a democratic strategy for saying we doing all of this, and republicans will count themselves grateful if all they got was eliminating some deductions and putting a cap on write offs. as we have discussed on fox business network, which if you don't have you should demand, but that could be worst than a hike to 39.6 percent because depending on how much the adjust those deductions you could be well over 40 percent. >>guest: that is right. i a
with a deal like that, what does that do to an economy, which is moving along at 1 1/2 or 2 ?rs. nobody suggests you raise tax when is the economy's chugging along at 1 or 2%. what is the philosophy behind this, other than it's neo-marxist, let's go after the rich guys and hammer them. >> greta: pat, thank you. always nice to see you. >> coming up, republican and democratic lawmakers say they didn't see it coming. so many question, why the general petraeus resignation now? is it benghazi investigation, in any way related? our panel is here to talk about. that and then two former presidents and a former governor, now another bush family member is getting ready to run. which one is it? what is he running for? in two ♪ i am the ghost of cookies past. residue. so gross. well you didn't use new pam, so it looks like you're "stuck" with me. [ female announcer ] bargain brand cooking spray leaves annoying residue. that's why there's new pam. [ female announcer ] bargain brand cooking spray leaves annoying residue. ♪♪ you can help othersnk along the way. ♪ ♪ a portion of every bottle
of president obama mean for the economy and for your money? cheryl casone breaks it down next. >> hillary clinton is talking about the future and her political career. >> announcer: meet jill. she thought she'd feel better after seeing her doctor. and she might have, if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. now meet amanda. with a swipe of her debit card, she bought some gas... and an all-expense-paid trip to hawaii for ben. ben is the intity thief who used a device called a skimmer to steal her formation from her card to open a fraudulent account. every year millions of americans just like you learn that a little personal information in the wrong hands could wre havoc on your life. this is identity theft, and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. ordinary credit monitoring services tell you after your identity has been stolen; they may take 30 days to alert you! too late for amanda. with lifelock's
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> bill: stossel matter segment tonight. a couple weeks ago john stossel was analyzing the fallout from hurricane sandy whereby gas stations jacked up their prices big time. >> price gouging. you probably think it's a terrible thing, right? well, i say what you call gouging is good. >> it season saves lives. hooray for price gouging. i would just call it flexible prices. >> and now stossel being backed up by our old pal com ron paul thinks gouge something good for the premarketplace even in a situation. you are well aware that new jersey has a law against profiteering from disasters, you are well aware of that. and now, obviously, there a bunch of prosecutions in that state because gas stations rise their price a buck a gallon. you say? >> i say people suffer because o
is what's happened to our economy. we lost 5 million jobs in four years and we've seen the number of people on food stamps and disability about up by 22 million. that's unsustainable. >> this is is this the worst position we've been in as a nation? >> no. there's the call for optimism. 1980, our economy was worse. the difference between now and 91980 is we turned out an incumbent president and elected possibility some people voted twice. while the st. lucie canvassing board was to recount all 37,000 early votes at 7:00. they announced the recount will only involve the last three days. west trails the democratic changer patrick murphy. murphy claimed victory by 2,442 votes. just over the amount needed for automatic recount. more on this and the whole election next week from illegal voting in ohio to voter fraud which cost a congressional seat in texas. our address is voterfraud@foxnews.com. >> newdevelopmentsfollowingfrom t hewreckageofsuperstormsandy. it'snotgettingeasyer. >> janet napolitano will head to new york city and get a look at the recovery efforts out there, particularly
the consumer. will that halt a chance for a full recovery for our economy. i am david asbin. welcome to forbes on fox. we'll go to teave, and rick and victoria and morgan and elizabeth. stove is not repealing health care law hurt the recovery? >> it will hurt subis it notly. it will hit the bad pars and no coincidence after the election . taxes are going for individuals and businesses. do they dump the people on medicare and you will see another thing happen, fewer full-time yobs and not catching up in obamacare. >> rick unger, it is not just businesss and folks of businesses making over $150,000.ine those making $50,000 or more it will cost them money . it is going to cost and maybe it is good in the long run but it costs. >> the arguments remind me what we heard in the 60s when fica taxes were doubled to pay for medicare . we survived. you would not imagine calls i have had business owners and cancer survivors it is going to survive and now the law of the land. we'll talk about it in three years and not going to cost a yob. jobs are going to grow. >> is this a rick unger. are you willing to
on revenue. but we are also not about to further weaken the economy by raising tax rates and hurting jobs. bill: in 30 minutes, what would steve forbes do? martha: that's a question i always ask myself. in this situation, what would steve forbes do? pill * these are big, big issues and negotiations will go late into the night. we'll get steve's take coming up on that. martha: an investigation is underway after a small plane carrying three pilots crashed into a neighborhood. what witnesses heard and saw there. bill: there were serious questions about eric holder and what he knew about the petraeus affair. why didn't he tell the white house any sooner? >> lawmakers want to know in terms of when petraeus found out. he was under investigation. has it had any impact on the comments he made to senators about benghazi and what he knew? we just learned general petraeus says he does want to testify about benghazi. more in a moment. >> you can't get to the bottom of benghazi without him testifying. i want to hear from him what he knew before, during and after the attack. there is nyoo substitute fo
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